The Energy Information Administration (EIA) released last week a special report forecasting the impact of the Stimulus (American Recovery and Reinvestment Act) on the renewable energy industry.
This is the first time the EIA has issued its energy forecast report in April--normally the reports go out as end-of-the-year summaries.
The report's data were organized according to two scenarios: one, based on the impacts of the federal Stimulus across energy production, consumption and greenhouse gas emissions; the comparative summary was modeled on a scenario examining similar areas as if the Stimulus didn't happen.
The biggest renewables winner under the $787 billion Stimulus appears to be the wind energy sector, which will be more than doubled compared to a no-Stimulus scenario, with 286 billion kilowatt hours of production forecast by 2012, compared to 86 billion kilowatt hours of production forecast under no Stimulus.
Other sectors, including PV solar and geothermal energy are forecast to experience significant gains from the Stimulus, on the order of 15-16 percent growth by 2012 to 2013.
The US Department of Energy under the Stimulus is providing $42 billion in grants for renewables and energy efficiency, along with more than $130 billion in tax credits and loans.
Overall residential and commercial energy consumption, along with energy-related carbon emissions are forecast to be slightly improved under the Stimulus.
The Stimulus is expected to reduce home heating use by 1.7 percent and cooling by 3.4 percent by the end of the forecast period (2030), saving consumers $64-98 a year on their energy bills.
This is the first time the EIA has issued its energy forecast report in April--normally the reports go out as end-of-the-year summaries.
The report's data were organized according to two scenarios: one, based on the impacts of the federal Stimulus across energy production, consumption and greenhouse gas emissions; the comparative summary was modeled on a scenario examining similar areas as if the Stimulus didn't happen.
The biggest renewables winner under the $787 billion Stimulus appears to be the wind energy sector, which will be more than doubled compared to a no-Stimulus scenario, with 286 billion kilowatt hours of production forecast by 2012, compared to 86 billion kilowatt hours of production forecast under no Stimulus.
Other sectors, including PV solar and geothermal energy are forecast to experience significant gains from the Stimulus, on the order of 15-16 percent growth by 2012 to 2013.
The US Department of Energy under the Stimulus is providing $42 billion in grants for renewables and energy efficiency, along with more than $130 billion in tax credits and loans.
Overall residential and commercial energy consumption, along with energy-related carbon emissions are forecast to be slightly improved under the Stimulus.
The Stimulus is expected to reduce home heating use by 1.7 percent and cooling by 3.4 percent by the end of the forecast period (2030), saving consumers $64-98 a year on their energy bills.
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